Welcome to Markets Desk, your midday read on what's moving markets.
Nvidia dropped what may be the most consequential forward guidance in recent memory, projecting revenue growth of seventy percent in its next fiscal year — blowing past analyst estimates that had penciled in roughly forty-four percent growth. The company says demand for its AI chips is expanding at one hundred percent, and the announcement sent shares sharply higher in after-hours trading, delivering a pointed rebuttal to those calling the AI buildout a bubble.
Shifting to Asia, the Bank of Korea raised its benchmark rate by twenty-five basis points, bringing it to three percent — its highest level since January of twenty twenty-five. The move was widely expected, driven by core inflation that remains stubbornly elevated. The decision signals Seoul is not yet ready to pivot toward easing, keeping pressure on rate-sensitive sectors across the Korean economy.
Meanwhile in Southeast Asia, Indonesia's Jakarta Composite Index is bracing for a third consecutive losing session. The index has shed more than one hundred twenty points over the past two days, sitting just above the sixty-four hundred level. Weak sentiment and broader regional risk-off pressure appear to be the primary drivers heading into Thursday's open.
That's the tape. Markets Desk, signing off the floor.
